China’s Suzhou Equity Exchange has been appointed investor representative tor setting up a $47.149 million Suzhou Guofa service-sector venture capital fund, Middle East North Africa Financial Network reports. The exchange will set up the fund with Suzhou International Development Venture Captial Holding.
Suzhou Equity Exchange will provide $9.429 million to the fund, of which $4.714 million will be provided in phase I within this year. The fund will either be provided or issued $37.753 million by Suzhou International Development.
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